Owning property is a very big responsibility, especially if you have a huge family, you are going to need a will to make sure that everyone gets what you want them to have. Even if you are young because you never know when your time will come. I know it’s a grim thought, but it has always been something that I have had to worry about because I have some family members who would clear my room out in 2 minutes like a pack of wolves and leave nothing but bones for Darrin despite the fact that our bridges have all burned to the ground. Luckily I don’t own property.
If you are in Barrie and Toronto Canada, Stewart Esten Law Firm is the way to go. They have experienced estate lawyers who are ready to help you create your will, power of attorney and the administration of your estate or the estate of a loved one who has recently passed.
I am not too familiar with estate law, it is way too complicated for me. I know about trusts because Chips mother had created a trust before she passed away. She had to make someone the executor of the trust to take care of all of the bills for all of the houses that she owned, and any money that was made on the sale of any property went into the trust. The rent for the houses goes into the trust and that pays for the mortgage and any upkeep of the houses. I’m not sure if an estate will is the same, but I’m pretty sure it is.
At any rate, if you own property and you have family members who you know are going to fight over every little thing, be sure to have a will so you know everyone is getting what you want them to have.
Funny story, I think my mother was a bit psychic because when I was 19 she told me that I need to make out a will so that when the day comes that I have burned all of my bridges with my sisters, I can will them $1 so they cannot contest the will. Isn’t that funny that she would tell me that?